Electric three-wheeler sales contribute 9% of overall segment sales, Mahindra extends leadership position
Rising fuel prices and an uptick in sales especially in the cargo segment thanks to the demand for higher uptime have contributed to sales.
29 Apr 2022
4676 Views
Share -
While the overall three-wheeler segment de-grew by almost 4 percent in FY22, the electric three-wheeler segment grew by more than 240 percent. The overall three-wheeler sales numbers were 83,218 units while the electric three-wheeler segment wholesales trebled from around 7,000 units in FY2021 to 23,000 units in FY2022.
Mahindra & Mahindra which sold more than 16,000 electric three-wheelers continues to be the market leader with a 73 percent share. According to the company, the Treo also became the first lithium-ion electric three-wheeler platform to cross more than 18,000 sales since its launch in 2018.
Suman Mishra, CEO, ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
TVS increases scooter market share to 24% with half-a-million units in April-August
Autocar Pro News Desk
17 Jan 2023
With 523,458 units, TVS Motor Co records best-ever scooter sales in the first 5 months of a fiscal and also substantiall...
Maruti Suzuki strengthens its grip on car exports in H1 FY2023
Autocar Pro News Desk
10 Jan 2023
Having shipped 131,070 units in April-September 2022, Maruti Suzuki India accounts for 41% of total made-in-India vehicl...
Tata Motors No. 1 CV OEM in H1 FY2023 but loses market share in 3 sub-segments
Ajit Dalvi
10 Jan 2023
India’s commercial vehicle market is back in growth mode. While M&HCVs are up 88%, LCV demand has grown by 59%. An in-de...
